Addresses the quality of balance of payment statistics published by the ABS. It first discusses the issues associated with, and factors that influence, the quality of these statistics. It goes on to consider the accuracy and reliability of the statistics and gives an assessment of the accuracy of the broad aggregates that make up the accounts as well providing some statistical measures of their reliability. The paper also outlines the steps that the ABS takes to maintain the quality of the statistics and mentions several developments that are expected to lead to improvements in quality in the next few years. The paper also updates the analysis of revisions to monthly balance of payments statistics included in 5331.0 and extends the analysis to cover quarterly and annual series.

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